I am not sure why they vary, I am not to happy with the way that credit is reported. They are not consistant, they do not update the same, they do not do anything the same. It is not consistant on what one a potential creditor will use either. I think there should be some type of regulation on this.
There are certain reasons behind the variations in credit scores. Certain financial events might be reported to one particular credit reporting agency(CRA) and not the others. Also errors may occur in one of the reports due to which the score of that particular CRA might be faulty. Different scoring models along with different credit reports are also be responsible for the variations. The scores may also vary due to credit inquiries. You cannot do anything to bring down the variation to zero. It depends on the various factors mentioned above in the paragraph.
I had debts 'fall off' ONE of the CB's. However..it din't 'fall off' the other ones. Thsi makes NO sense. You would think the CB's would 'play into each other' (lack of a better word), and know each other's 'moves'. It's frustrating.....when you think you've raised your credit score, it's STILL the same on one or more of the CB's.
Why some places (Finance Co's, CC Co's, etc) only report to certain CRA's and not others, is really crazy. For example: a finance company, I was going through was reporting to ALL of the CB's. However....a CC ('bad-credit' CC) was reporting to only one of them. ..even though the CC company said they would report to ALL of them, they didn't. I think ALL of the CB's should go by the SAME 'rules', when it comes to what's reported and what's not.
I am not sure why they vary, I am not to happy with the way that credit is reported. They are not consistant, they do not update the same, they do not do anything the same. It is not consistant on what one a potential creditor will use either. I think there should be some type of regulation on this.
Hi Robertsmith,
There are certain reasons behind the variations in credit scores. Certain financial events might be reported to one particular credit reporting agency(CRA) and not the others. Also errors may occur in one of the reports due to which the score of that particular CRA might be faulty. Different scoring models along with different credit reports are also be responsible for the variations. The scores may also vary due to credit inquiries. You cannot do anything to bring down the variation to zero. It depends on the various factors mentioned above in the paragraph.
credit
I had debts 'fall off' ONE of the CB's. However..it din't 'fall off' the other ones. Thsi makes NO sense. You would think the CB's would 'play into each other' (lack of a better word), and know each other's 'moves'. It's frustrating.....when you think you've raised your credit score, it's STILL the same on one or more of the CB's.
credit score
Why some places (Finance Co's, CC Co's, etc) only report to certain CRA's and not others, is really crazy. For example: a finance company, I was going through was reporting to ALL of the CB's. However....a CC ('bad-credit' CC) was reporting to only one of them. ..even though the CC company said they would report to ALL of them, they didn't. I think ALL of the CB's should go by the SAME 'rules', when it comes to what's reported and what's not.